why loss is posted on asset side in balance sheet?

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why loss is posted on asset side in balance sheet?..

Answer / libin kulamuttom

Capital is a liability.As loss
reduses owner's capital
we can either deduct the loss
from the capital a/c in
liability side or post it on the
asset side of a balace sheet.
Both have same effect.

Is This Answer Correct ?    14 Yes 4 No

why loss is posted on asset side in balance sheet?..

Answer / megha gera

because all losses is adjust from our assets

Is This Answer Correct ?    2 Yes 0 No

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